OriginaveSPYL vs VWCE (VWRA): which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
SPYLtracks the S&P 500 Index
SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
VWCEtracks the FTSE All-World Index
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index
- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
SPYL tracks the S&P 500 IndexVWCE tracks the FTSE All-World Index
What did the last 2 years do to €10,000?
You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted. Both funds are measured over the same 2 full years (2024–2025) — the longest stretch both were trading.
SPYL vs VWCE, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | SPYL | VWCE | Winner |
|---|---|---|---|
| 2026 (so far) | +12.05% | +13.62% | VWCE |
| 2025 | +4.71% | +9.16% | VWCE |
| 2024 | +32.33% | +24.41% | SPYL |
| 2023 | +8.23% | +18.18% | VWCE |
| 2022 | — | -13.47% | — |
| 2021 | — | +28.62% | — |
| 2020 | — | +5.36% | — |
| 2019 | — | +7.56% | — |
SPYL vs VWCE in plain words
SPYL tracks the S&P 500 Index while VWCE follows the FTSE All-World Index, so they own different slices of the market and their years can look very different. SPYL charges 0.03% a year in running costs and VWCE charges 0.19% — SPYL is the cheaper fund to hold.
Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 4 calendar years both funds were trading, SPYL finished the year ahead 1 times and VWCE 3 times. €10,000 invested at the start of 2024 was worth €13,856 in SPYL versus €13,581 in VWCE by the end of 2025, dividends reinvested.
SPYL also trades in USD on the London Stock Exchange, where SPXL is its GBP line, ISIN IE000XZSV718 — this page follows its EUR line on Xetra.
VWRA (London, USD) and VWRP (London, GBP) are listings of the same accumulating share class, ISIN IE00BK5BQT80 — VWRL is its distributing sibling.
Fund facts: SPYL vs VWCE
| Fact | SPYL | VWCE |
|---|---|---|
| Fund | SPDR S&P 500 UCITS ETF (Acc) | Vanguard FTSE All-World UCITS ETF (Acc) |
| Tracks | S&P 500 Index | FTSE All-World Index |
| Yearly cost (TER) | 0.03% | 0.19% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 31 Oct 2023 | 23 Jul 2019 |
| ISIN | IE000XZSV718 | IE00BK5BQT80 |
| WKN | A3EUC1 | A2PKXG |
| Also trades as | — | VWRA |
Frequently asked
Is SPYL or VWCE better?
Across the 4 calendar years both funds were trading, SPYL finished the year ahead 1 times and VWCE 3 times. €10,000 invested at the start of 2024 was worth €13,856 in SPYL versus €13,581 in VWCE by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between SPYL and VWCE?
SPYL tracks the S&P 500 Index while VWCE follows the FTSE All-World Index, so they own different slices of the market and their years can look very different. SPYL charges 0.03% a year in running costs and VWCE charges 0.19% — SPYL is the cheaper fund to hold. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.
What would €10,000 in SPYL have become?
€10,000 invested in SPYL at the start of 2024 grew to €13,856 by the end of 2025, with dividends reinvested — an average of 17.7% per year.
Is VWRA the same as VWCE?
VWRA (London, USD) and VWRP (London, GBP) are listings of the same accumulating share class, ISIN IE00BK5BQT80 — VWRL is its distributing sibling.
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